Diana Shipping reduces losses
(Posted on 14/05/18)
Diana Shipping Inc. has reported a net loss of $3.1 million and net loss attributed to common stockholders of $4.5 million for the first quarter of 2018, compared to a net loss of $26.5 million and net loss attributed to common stockholders of $27.9 million reported in the first quarter of 2017. Time charter revenues were $48.4 million for the first quarter of 2018, compared to $31.3 million for the same period of 2017. The increase in time charter revenues was due to increased average time charter rates that the Company achieved for its vessels during the quarter and increased ownership days resulting from the enlargement of the fleet.
Diana Shipping specialises in the ownership of dry bulk vessels. As of 10th May 2018 the company’s fleet consists of 50 dry bulk vessels (four Newcastlemax, 14 Capesize, five Post-Panamax, five Kamsarmax and 22 Panamax). As of the same date, the combined carrying capacity of the fleet is approximately 5.8 million dwt with a weighted average age of 8.71 years.
The fleet is managed by a wholly-owned subsidiary Diana Shipping Services S.A. and an established 50/50 joint venture with Wilhelmsen Ship Management named Diana Wilhelmsen Management Limited in Cyprus.
Latest News
Frank Tsao dies at 94
(Posted on 14/08/19)Frank Tsao Wen-king, founder of International Maritime Carriers (IMC), has died peacefully with family... Read more
Wallem to deliver swifter agency services
(Posted on 13/08/19)Wallem Group is introducing collaborative inboxes to its agency business line, in a move designed to... Read more
HFO with scrubbers best option claim
(Posted on 13/08/19)Members of the Clean Shipping Alliance 2020 have welcomed a new addition to the canon of scientific... Read more
Polsteam’s latest bulker delivered
(Posted on 08/08/19)Polska Zegluga Morska (Polsteam) has taken delivery of the bulk carrier M/V "Karlino" from the Chinese... Read more
COSCO strengthen cooperation with MacGregor
(Posted on 08/08/19)MacGregor, part of Cargotec, has signed a framework purchasing agreement with COSCO Shipping to support... Read more
ClassNK works for zero emission fuels
(Posted on 08/08/19)Leading Classification Society ClassNK is participating in the “Cross-industrial Working Group... Read more
SSA forms Digital Transformation Committee
(Posted on 08/08/19)The Singapore Shipping Association (SSA)—the industry voice of Singapore’s maritime community... Read more
ICS comments on Panama Canal tolls
(Posted on 31/07/19)The Panama Canal Authority (ACP) is conducting a public consultation on a proposal to adjust the Panama... Read more
Eagle Bulk into the red
(Posted on 31/07/19)Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the Supramax / Ultramax... Read more
Scorpio profit boost
(Posted on 31/07/19)Scorpio Bulkers has seen second-quarter profits rise as it reports results for the three months ended... Read more
